Around The Hill - 6 Monthly Property Report

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Around The Hill

Mooroobool, Earlville & Kanimbla

6 Monthly Property Report: January - June 2025

Brought to you by Karl

Latham

YOUR LOCAL PROPERTY UPDATE

As we step into the new financial year, it’s a good time to reflect on the year gone by - One that’s shown consistent strength across the board.

House prices in the Cairns Region have reached a median of approximately $695,000, representing a 7.2% increase year-on-year.

Units have surged even more, with prices up around 12%.

Rental yields remain among the best in Queensland, averaging around 5% for houses and over 6% for units, while vacancy rates are incredibly low at just 0.7%.

The southside suburbs - including Edmonton, Bentley Park, and Bayview Heights - have seen particularly strong

buyer activity, especially for entry-level and renovated homes. Properties under $600,000 are often attracting multiple offers within the first week.

One trend gaining popularity is multigenerational living, driven by the rising cost of living. Homes with dual dwellings - like the one I’m currently marketing at 24 Parkinson Street, Kewarra Beach - are in high demand.

So what’s driving all this growth?

• Population increases,

• A strong, diverse local economy,

• Major government investments, such as the $30 million upgrade to the Cairns Marine Precinct,

• And a broader lifestyle shift, with more people relocating to regional centres like Cairns.

There are also some great opportunities for first home buyers right now, with up to $30,000 in grants and stamp duty relief on new builds. And with strong rental demand and limited supply, investors are back and actively seeking high-yield properties.

“As

for the outlookCairns is still considered a “rising market”, currently sitting at 9 o’clock on the property clock according to Herron Todd White.”

That’s due to continued low stock levels, with just 1,267 properties listed and only 455 houses currently available for sale. Buyer and investor demand continues to drive competition, and further capital growth is likely throughout the remainder of the year.

If you’re thinking about selling, are curious about your current property value, or need an updated equity check heading into the new financial year, feel free to get in touch—I’d love to help you make the most of the Cairns market.

THE BUSIEST PROPERTY I’VE MARKETED IN 17 YEARS!

73 Irene Street, Mooroobool

Sold by Karl Latham for $688,000

Attributes: 3 Bed, 1 Bath, 1 Car Land size: 800m²

• 81 enquiries in just 4 days

• 71 buyer inspections

• 47 genuine offers - well above asking price

• Strong demand from first home buyers, downsizers, and insterstate buyers

Are you thinking of selling? You may not even need to advertise to secure a buyer. Reach out for a chat and take advantage of this unprecedented demand.

73 Irene Street, Mooroobool
Sold by Karl Latham $688,888

EARLVILLE

61 Barnes Street, Earlville

Sold by Karl Latham

$860,000

MAXIMISE YOUR HOME’S APPEAL AND PRICE WITHOUT THE STRESS. I’LL MANAGE THE WHOLE PROCESS.

61 Barnes Street, Earlville

Attributes: 6 Bed, 3 Bath, 2 Car, Pool, 800m²

From Tired Investment to Record Result - Sold for $860,000

When the owners of this home were referred to me, the property had been sitting vacant for over 12 months. Previously rented through another agency, it had been left tired and neglected, with an “as is” value of $650,000–$670,000. The owners were overseas and overwhelmed - they didn’t have the time, energy, or local contacts to coordinate any works. That’s where I stepped in:

• Tailored recommendations to add value

• Organising quotes and trades

• Coordinating and overseeing all works

• Ensuring the property presents at its best for photos and inspections

Let me take the stress out of the process - and help you achieve a better result!

MARKET STATS HOUSES

DOWNLOAD AN INSTANT REPORT FOR YOUR HOME

8

Tanganelli Close, Kanimbla Sold by Karl Latham $1,095,000
148 McFarlane Drive, Kanimbla Sold by Karl Latham $875,000

2025 Statistics: January - June Properties sold

263 $162.1m

14

8,783

4,228

3,759

19

Value of properties sold

Median days on market

Enquiries received Active buyers

Open home attendees Sales team members

300+ 12%

Combined years experience

Top market share in Cairns

Cathy Karl Andrea

What a legend! Working with Karl, Andrea and Cathy was a wonderful experience. Karl is friendly, professional, honest and very hard working! It was such an easy, stress free journey on selling my first property thanks to Karl and his team. I would recommend their expertise to anyone looking for an agent and will be working with them in the future when purchasing a new home.

320 Sheridan Street, Cairns North QLD 4870

Email: karl@tspropertygroup.com.au Mobile: 0403 887 645 Website: www.tspropertygroup.com.au

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